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Customers Smile on Skye Bank’s Innovative Services

HomeNewsCustomers Smile on Skye Bank’s Innovative Services

Customers Smile on Skye Bank’s Innovative Services


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By Fadda Bakish

Skye Bank (SL) Limited is a leading financial institution in Sierra Leone and ranked among the top 10 banks in the country.

It offers excellent banking services, anchored by its team of seasoned and dedicated staff. The Bank launches new products and services on Wednesday 8th December 2021 in Freetown.

The banking products are: Skye Flash Account requires an opening balance of Le50,000, which features include savings and current account features, payment of cheque is allowed (maximum Le15 million), unlimited access to all online banking platforms and attractive rates; Skye Goal entails opening balance of Le10,000 with features like minimal documentation, access to some digital platforms and account can be migrated to regular savings account; Skye Rainbow Account is for children within the ages of 0 – 17 years and its features include building a savings culture from an early age, access to all online platforms, account can be migrated to regular savings or current account at age 18, attractive interest rates and opening balance is Le30,000; Skye Salary Advance, which provides rapid loan that are approved within 24 hours, it features include for salary earners in accredited companies and government agencies, with a tenor of five days to three months, free access to all online platforms and minimal documentation; Savings Promo Season 1, which has Le30 million up for grab and those required to qualify are to open an account with minimum of Le500,000 of fund an existing account with the same value’ leave the deposit in the account for 90 days and qualify for a raffle draw, and every multiple of Le500, 000 a customer has in the account gives them multiple chances; and Self-Enrollment process that can be accessed in the Skye Bank web link: ibank.skyebanksl.net.

Segun Obasun is the Managing Director of Skye Bank Sierra Leone who praised the relationship with customers over the years and added that when they took over they planned to reposition the bank to a height of excellence. He noted that their objective was to place customers at the top of their services.

“We decided to have the new products to meet our customers’ desires. It is part of our digital banking evolution, which was not part of the bank before we came,” he came and furthered that they have tried to create innovative products and services linked with internet banking.

Customers lauded the products that target all classes of customers, especially the low-income earners but requested the bank to cater to corporate bodies also.

Bank Authorities say internet banking and advance salary services cater for corporate bodies also.

Skye Bank (SL) Limited was incorporated in Sierra Leone on 10th August 2007 as a Private Limited Liability Company, a subsidiary of Polaris Bank Limited.

Following the then Banking Act 2000, it was licensed by the Bank of Sierra Leone (‘BSL’) on 19th August 2009 to carry on banking business in Sierra Leone.

Polaris Bank was a large financial services provider in West Africa and Central Africa. With headquarters in Nigeria, the bank maintains subsidiaries in Sierra Leone, the Gambia, the Republic of Guinea, Liberia, Angola, and Equatorial Guinea. In August 2019, Polaris Bank decided to sell off its subsidiaries in Sierra Leone to SIFAX Nigeria Limited.

Skye Bank (SL) Limited operates as one of the leading financial services companies in Sierra Leone and provides facets of financial products and services powered by a purpose-built technological framework that supports the service delivery process to customers. Skye Bank (SL) Limited operates through Retail Banking, Commercial Banking, and Treasury, Corporate, and Investment Banking segments.

The Retail Banking segment provides private banking services, individual customer current accounts, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages.

The Commercial Banking segment provides current accounts, deposits, overdrafts, loans, and other credit facilities, foreign currency, and derivative products.

The Treasury, Corporate, and Investment Banking segment provides financial instruments trading, structured financing, and corporate leasing.

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